MergerPlace

Custom Cabinet and Trim Business

Not disclosed, South Carolina


  • Asking Price: $1,750,000
  • Gross Income: $1,704,657
  • Cash Flow: $620,979
  • Real Estate: Not Disclosed
  • Inventory: $25,000
  • FF&E: $100,000
  • Listing ID: #226483
  • Established: 2005
  • Employees: 15 FT

Business Description

The Company does all types of custom interior trim and cabinet work. About 80-90% of their business is new residential construction. They have been in business for 15+ years. Their main clientele are new custom home builders. About 10% of their business is remodeling work for individuals and businesses. The purchase comes with a full complement of equipment and vehicles and an experienced staff.

The property is available for sale for $400,000 or for lease at $40,000/year, payable monthly, NNN. The financials included a $40,000 per year rent charge. The SDE, if the property is purchased, would be $660,979.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (approximately 3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.


Business Details

Primary Business Category: Contractors - Special Trade
Location: South Carolina
Metropolitan Area: Not disclosed

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 15 FT

Financial Information

Asking Price: $1,750,000
Gross Revenue: $1,704,657
Cash Flow: $620,979
FF&E: $100,000
Inventory: $25,000
Seller Financing Available: No

Property Information

Facilities:

The business is located in a 5,400 sq.ft. metal building on a 0.81 acre commercial lot.

Growth & expansion opportunities:

The ability to attract more commercial work as well as retail cabinetry, utilizing the CNC machine gives the Company room for substantial growth.

Competition:

There is very little direct competition in the area.

Reason for selling:

Owner to pursue other business interests.

Support & Training:

Will train for 4 weeks @ $0 cost.

Contact Business Seller

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Business Listed By:

Jesse Stone

Murphy Business Brokers